Material Licence definition

Material Licence means, with respect to the Borrower or a Restricted Subsidiary, any licence, authorisation or concession to operate its current business, which, at the time of determination, accounts for more than 10% of the EBITDA for the four full fiscal quarters next preceding the date of determination for which consolidated financial statements are available.

Material Licence means all licences for the use of radio frequencies for mobile telecommunications held by the Vodafone Target Group on 1 January 2016;

Material Licence means any:

Examples of Material Licence in a sentence

• Amend, vary or alter any Material Contract or Material Licence in a manner that would reasonably be expected to have a Material Adverse Effect.

• Witness C told her that he and Mrs Simpson had worked out the scores that each of the four pupils she was invigilating would need in order to obtain a Level 5 score.

• A true and complete certified copy of each Material Contract and Material Licence existing at the Closing Date has been delivered to the Lender and each Material Contract and Material Licence is in full force and effect.

• It has obtained, as of the Closing Date, all necessary consents, including consents of landlords to the granting of a security interest in each Material Contract and Material Licence pursuant to the Security Documents.

• No event has occurred and is continuing which would constitute a material breach of or a default under any Material Contract or Material Licence.

More Definitions of Material Licence

Material Licence means, in relation to a Target Group, each licence (including those relating to telecommunications and radio frequency), consent, permit, authorisation or other permission or approval that is required pursuant to Applicable Laws for or in connection with the carrying on of the business being carried on by the Target Group taken as a whole as at the date of this Agreement and the absence of which would have a material adverse effect on the business of the Target Group;

Material Licence means all Permits issued by any Governmental Authority, or any applicable stock exchange or securities commission, to the Corporation and which are at any time on or after the date of this Agreement,

Material Licence means any licence granted under Article 92 or Article 77 of the Air Navigation Order or under Part IV of the Airports Act.

Material Licence any Material Licence is revoked, where such revocation has a Material Adverse Effect (and, for the avoidance of doubt, no such Material Adverse Effect shall occur in circumstances where a Material Licence is revoked, but a similar licence is subsequently granted to another member of the Group); or

Material Licence means, in relation to a Target Group, each licence (including those relating to

Material Licence means all licences for the use of radio frequencies for mobile telecommunications held by the

Material Licence has the meaning given in paragraph 6.1 of Schedule 7;